Ha Tien Cement Co. No. 1 sold all 22 mio state shares in a IPO and and raised $44 million from selling 25.62% of its stock. The pricing (average 31,800 VND/share) gave company an initial market value of $172 million after a sale in which 15 institutional and 165 individual investors sought to buy six times more shares than were on offer.
The construction industry, along with the industrial and service sectors, is a key driver of Vietnam's economy, the world's fastest growing after China.
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